Not Just Lawyers
Exactly. The same is true of doctors, the artificial shortage of same, and the AMA. If we ever socialize medicine because “the free market doesn’t work,” let’s at least not fool ourselves that it’s a free market that was tried.
Monopoly occupational licensing or cartels do not a free market make.
Ironically, though this started out as being about lawyers being overpaid, and I am comparing the lack of a proper market in the medical field, I would venture that most doctors are not overpaid. Heck, neither are most of the dozens of lawyers I know.
Posted by on 03/03 at 08:07 AM
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